Gurugram’s metro expansion is close to a key step, with Gurugram Metropolitan Rail Limited nearing approval of a major loan from the World Bank.
The proposed funding, pegged at approximately Rs 2,800 crore, is expected to cover around 60 per cent of the second phase of the Gurugram Metro project.
A World Bank delegation recently visited Panchkula after earlier consultations in Gurugram, where they assessed multiple aspects of the project, including planning, sustainability measures, and execution readiness.
According to a Hindustan Times report, the loan proposal is currently under advanced review, with approval anticipated by the end of July following a scheduled meeting of India’s Department of Economic Affairs.
“The World Bank has its own parameters which need to be met. Our discussions were very positive, and it is expected that a meeting of the Department of Economic Affairs will be held in July and this loan will be approved,” a GMRL official familiar with the development was quoted as saying by HT.
Project authorities have already completed key environmental and social impact assessments and are aligning with transit-oriented development principles, alongside strengthening last-mile connectivity, both crucial for securing international funding.
